I am not surprised by the findings of a new survey which suggests that the over-50s are cold-shouldering robo advice. The study found that 8 in 10 over-50s would avoid financial advice from a robo-adviser and nearly 9 in 10 would be unwilling to give details of their finances to a robo. One assumption here […]
Archives for 2021
Weekend Reading for Financial Planners (Nov 6-7)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with updates on the proposed tax law changes in the “Build Back Better” Act currently being debated in Washington. The latest version of the bill brings back several IRA-related measures that were in the House Ways and Means Committee’s […]
FCA to regulate funeral plans from July
The FCA has confirmed that it will begin regulating pre-paid funeral plans from 29 July. The regulator says that once pre-paid funeral plans are regulated customers will be protected if their authorised plan provider fails. Applications for authorisation for firms intending to remain in the market after 29 July 2022 opened on 1 September. The […]
Govt Minimum Pension Age move wins praise
A last minute decision by the Government to scrap plans for a ‘get-out clause’ which would have allowed some pension savers to avoid a rise in the Normal Minimum Pension Age will help cut down on scams, according to pensions experts. The Government this week decided to drop a plan which would have allowed people […]
CGT bills set to double in 5 years to £20bn
Capital Gains Tax receipts are forecast to more than double from £9.2bn in 2021/22 to £19.7bn in 2026/27, according to Government predictions. Increases in equity prices and changes to entrepreneurs’ relief will be the main causes of the increase, according to forecasts analysed by NFU Mutual. NFU Mutual says the increase comes despite the Chancellor […]
Responsible investment funds dominate inflows
Responsible investment funds made up two third of September total fund inflows, the latest Investment Association data has revealed. Savers invested £1.6bn into responsible investment funds in September. Emma Wall, head of investment analysis and research at Hargreaves Lansdown, said the figures showed that investors were serious about their commitment to responsible investing. She said: […]
Things to Consider Before Service Offering
If you’re looking to grow your business, read the things to consider before service offerings. Adding additional services is a good way to increase your profitability, diversify your income and expand your market. But there are important things to consider before adding to your income streams. Here are 4 important things to consider before service […]
Everybody’s talking about inflation
9 Types of Business Insurance You Can Shop Around For
To run a successful business, you need to take some risks. But, risk-taking doesn’t mean you don’t do a little risk management for small business to protect your company from losing money. While you can’t avoid every threat, some types of business insurance can help lessen the financial blow when the unexpected happens. Not sure […]
Kitces & Carl Ep 72: Do You Want A Lifestyle Practice Or Fear Building A Bigger One?
To most advisors, expanding one’s practice from a ‘lifestyle’ practice to a larger firm that is more encompassing requires two sets of skills: financial planning skills that can build and service a growing client base, and the management skills required to lead an effective team that will make strategic long-term decisions to sustain and grow […]